#17: Mike Michalowicz On Losing Everything, Selling Your Business & Profit First

Collective Ambition with Leon Hendrix

Mike Michalowicz, the author of Profit First, The Pumpkin Plan, The Toilet Paper Entrepreneur & Fix This next, had founded and sold two multimillion-dollar companies.

Knowing that now, he could do anything, he became an angel investor (the type who buys a Range Rover, BMW & Dodge Viper on the same day!).

Only to realize that after 2 years he had lost all of his money and maybe… he didn’t know THAT much about business after all.

After another 2 years of depression, self-hatred and doubt he rebuilt himself as well as his business skills by taking complex & boring but crucial topics for the survival & thriving of businesses and made them not only simple and practical, but also entertaining.

I personally recommend his books without hesitation to friends and will encourage anyone to pick up a copy.

Here we discuss:

• The importance of knowing your numbers, profiting first and making business simple
  
• How he lost all his money after selling two multimillion-dollar businesses, how he rebuilt himself and what role journaling played in that
  
• Getting too confident with your first successes, only to be humbled later on
  
• How to prepare to sell your business for its maximum value
  
• How to figure out what to focus on next by knowing what the most important thing for your business is right now
  

Hope you enjoy this episode with Mike Motorbike! If you did, please consider leaving a review on iTunes!

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▶▶ Check out Mike Michalowicz

Website: www.mikemotorbike.com

His books: https://www.amazon.com/Mike-Michalowicz/e/B002E4G0CC

▶▶ Connect with us on social:

Instagram: @leonjhendrix or https://www.instagram.com/leonjhendrix/

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